Xiamen Bank Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 29, 2023
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Xiamen Bank Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was CNY 1,071.01 million compared to CNY 1,175.28 million a year ago. Net income was CNY 635.04 million compared to CNY 567.84 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.21 a year ago. Diluted earnings per share from continuing operations was CNY 0.24.
For the nine months, net interest income was CNY 3,309.14 million compared to CNY 3,449.99 million a year ago. Net income was CNY 2,063.48 million compared to CNY 1,800.13 million a year ago. Basic earnings per share from continuing operations was CNY 0.75 compared to CNY 0.65 a year ago. Diluted earnings per share from continuing operations was CNY 0.75 compared to CNY 0.65 a year ago.
Xiamen Bank Co Ltd is a China-based company principally engaged in commercial banking business. The Company's businesses mainly include corporate banking, personal banking and treasury business. The Company's corporate banking products mainly include corporate loans, bill discounting, corporate deposits, trade financing, agency services, cash management services, financial advisory and consulting services, remittance and settlement services. The Company provides retail banking products and services to individual customers, including personal loans, personal deposits, debit cards, credit cards, intermediary services and electronic banking products. The Company's treasury business mainly includes treasury trading business, bond investment trading business, derivatives trading business, inter-bank business, bill business and asset management business.